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Benzinga
Benzinga
Business
Akanksha Bakshi

Union Pacific Joins RailPulse Coalition - Read What's The Benefit

NYSE UNP Union Pacific Corp GPS North America
  • Union Pacific Corp (NYSE:UNP) has joined the RailPulse coalition and its effort to develop, broaden and accelerate the use of GPS and other telematics technologies in North America's freight rail industry.
  • RailPulse was formed in 2020 as a coalition of railcar owners working together to increase safety, efficiency, and visibility in the rail industry.
  • RailPulse already has six members, including GATX Corp (NYSE:GATX), Genesee & Wyoming, Norfolk Southern Corp (NYSE:NSC), TrinityRail, Watco, and Greenbrier Companies Inc (NYSE:GBX).
  • RailPulse is on track to meet its initial milestone for platform introduction in early 2023.
  • Price Action: UNP shares are trading higher by 1.03% at $227.50 on the last check Tuesday.
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